Gracewilson1995
Uczestnik z Jan 11, 2019
147 postów
Mar 17 2021 at 13:07
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.
Gracewilson1995
Uczestnik z Jan 11, 2019
147 postów
Mar 18 2021 at 15:30
Stop loss helps in reducing the losses
LukeRachel
Uczestnik z Mar 16, 2021
477 postów
Mar 19 2021 at 01:48
This is my first post on this forum. I have been trading for a long time so I can express my opinion on this topic based on some experience. I usually try to place stop loss above or below the swing. In this trading style my losing ratio is low.
cathywalsh
Uczestnik z Jan 04, 2021
11 postów
Mar 25 2021 at 10:41
Yes, placing the stop loss can be a bit complicated for a new trader at first, but if they get a good idea of it, it is a life saver.
garrettlamb
Uczestnik z Jan 01, 2021
11 postów
Mar 26 2021 at 05:07
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.
georgequayle
Uczestnik z Feb 16, 2019
30 postów
Mar 26 2021 at 11:41
garrettlamb posted:even when running an EA?
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.
Marketmultitool
Uczestnik z Dec 19, 2019
69 postów
Apr 18 2021 at 10:58
Some pairs are more stable than others ,thats why its wise to trade 1 pair to begin with ,usually what we do is wait for large spikes placing stop loss instantly as spike happens,must be a larger spike than rest of the trend.Next 3 candles present themselves of possible direction,takes practice of reading the trend to place correct stops.
Strength and honor.
LyudmilLukanov
Uczestnik z Jul 23, 2020
869 postów
Apr 27 2021 at 16:53
garrettlamb posted:True. It is a good risk management tool. Every trader must use it.
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.
robindude
Uczestnik z Dec 11, 2020
110 postów
Apr 28 2021 at 06:16
I will never understand traders who do not understand the importance of placing stop loss for their order. I can see why experienced traders sometimes do not do that, but beginner should seriously input their trading style and learn why stop loss is very important.
Fridrike43fr
Uczestnik z Mar 03, 2020
6 postów
Apr 28 2021 at 12:33
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
Elena Triston
(ele020)
Uczestnik z Apr 15, 2020
219 postów
Apr 29 2021 at 05:35
Fridrike43fr posted:Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
The more your practice, the more you learn.
SofieAndreasen
Uczestnik z Jul 23, 2020
759 postów
May 02 2021 at 17:28
ele020 posted:Traders also need to place it in proper place. Otherwise, it may lead you to loss.Fridrike43fr posted:Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
Akasuki
Uczestnik z Mar 28, 2021
617 postów
May 03 2021 at 11:54
Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.
lovefortrading
(perryjohn765)
Uczestnik z Sep 12, 2017
238 postów
May 03 2021 at 12:10
it is indeed a very very imp feature. stop loss can save u going in big losses
Sar John
(Sarjohn)
Uczestnik z Dec 28, 2020
187 postów
May 05 2021 at 10:03
Gracewilson1995 posted:Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.
RobSchiz
Uczestnik z Mar 25, 2021
567 postów
Dec 01 2021 at 07:49
Sarjohn posted:To use stop loss, you need proper planning and skills.Gracewilson1995 posted:Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.
croisssan
Uczestnik z Jul 22, 2021
939 postów
Dec 01 2021 at 10:47
I learned such subtleties on the demo account of the broker. In my opinion, this is a good option to get the necessary experience.
LukeRachel
Uczestnik z Mar 16, 2021
477 postów
Dec 01 2021 at 14:34
Akasuki posted:There is an argument in your comment. However, it cannot be denied that stop loss is very important to manage the risk.
Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.
Seb King
(sebking1986)
Uczestnik z Apr 09, 2019
538 postów
Dec 01 2021 at 17:40
Losses occur and so do wins. The goal is relative indifference to both.
If you can't spot the liquidity then you are the liquidity.